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Calls Purchased on MBIA Inc. (MBI)
Wednesday, July 28, 2010 - 1:57pm | 119Shares of MBIA Inc. (NYSE: MBI) are higher on the session by 2.01%, currently trading at $8.65. The stock has been moving largely higher over the past three weeks and is now trading above both the 50-day and 200-day moving averages. Options traders are buying calls on the name today. The August $9...
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Top Yielding Stocks Under $5 a share
Wednesday, July 28, 2010 - 1:05am | 327Many investors think that the perfect stock is one that sells for a low price and pays a high yield. It may be hard to believe but there are actually several stocks, including closed end funds, that sell for less than $5 a share and pay a dividend, with a dozen paying yields greater than 1.25%....
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Ace Beats Wall Street Estimates (ACE)
Tuesday, July 27, 2010 - 4:23pm | 66Ace Limited (NYSE: ACE) released its quarterly earnings after the closing bell on Tuesday. The company said that Q2 net income was $677 million, or $1.98 per share, up 25% from a year earlier when ACE made $535 million, or $1.58 per share. On an adjusted basis, earnings per share were $2.01. Wall...
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ACE Limited Beats Estimates (ACE)
Tuesday, July 27, 2010 - 4:18pm | 162ACE Limited (NYSE: ACE) reports Q2 earnings of $2.01 versus estimates of $1.84. ACE Limited reports Q2 revenues of $3.42 billion versus estimates of $3.36 billion. Net income increased 27% year over year. Book value increased $774 million during the quarter, up 4% from March 31, 2010. Book value...
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W.R. Berkley Beats; CEO “Cautiously Optimistic.” (WRB)
Monday, July 26, 2010 - 4:36pm | 255W.R. Berkley Corporation (NYSE: WRB) reports Q2 earnings of $0.70 versus estimates of $0.64. W.R. Berkley Corporation reports Q2 revenues of $1.16 billion versus estimates of $1.14 billion. The company’s book value per share is now $24.81. Gross premiums written for the quarter were $1.11 billion...
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UFCS Posts Better-Than-Expected Q2 Results
Monday, July 26, 2010 - 9:38am | 51United Fire & Casualty Company (NASDAQ: UFCS) reports its Q2 EPS at $0.53, beating the consensus of $0.43. UFCS reports its Q2 revenue at $148 million versus the Street view of $143.75 million. Read more from Benzinga's Company news.
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Select Sector SPDR Trust Files Frivolous Suit On Invesco Over ETF Ticker Symbols
Saturday, July 24, 2010 - 11:00pm | 778I’m not a lawyer but… This appears to me to be one of most frivolous investment-related lawsuits ever. The complaint filed Thursday (7/22/10) in U.S. District Court, Houston by the Select Sector SPDR Trust (”SPDR”) accuses Invesco PowerShares (and related companies) of trademark infringement and...
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Value stock with a growth stock chart -- RLI could be worth a look
Saturday, July 24, 2010 - 7:14am | 1091So how can a stock be on both the Trend Leaders list and the Trend Busters list? To review, the Trend Busters lists consists of those stocks or ETFs that have simply broken a trend line while the Trend Leaders list includes those stocks that are exhibiting bullish performance according to MACD,...
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Benzinga’s Top Downgrades (PVR, BEC, ACF, TRV)
Friday, July 23, 2010 - 7:08am | 155Penn Virginia Resource Partners LP (NYSE: PVR) was downgraded by RBC Capital from “outperform” to “sector perform.” PVR’s shares closed at $23.70 yesterday. Penn Virginia Resource Partners’ earnings may fall by 53.42% this year. Piper Jaffray downgraded Beckman Coulter Inc (NYSE: BEC) from "...
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Chubb Corp. Beats; Reaffirms Guidance (CB)
Thursday, July 22, 2010 - 4:20pm | 181The Chubb Corporation (NYSE: CB) reports Q2 EPS $1.59 vs consensus of $1.40. The Chubb Corporation reports Q2 revenue $2.90 billion vs consensus of $2.80 billion. Net income per share increased 3% year over year to $1.59 from $1.54. Net written premiums for the second quarter of 2010 were $2.9...
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MetLife Acquires Allstate's Legal Plans Business
Thursday, July 22, 2010 - 8:58am | 141Hyatt Legal Plans, a MetLife (NYSE: MET) Company today announced that it has acquired Allstate’s (NYSE: ALL) group legal plans business, known as "Signature LegalCare.” Financial terms were not disclosed. “We are excited to have the opportunity to demonstrate Hyatt Legal Plans’ service and...
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Travelers Insurance Misses Street Expectations (TRV)
Thursday, July 22, 2010 - 7:09am | 90Insurer Travelers (NYSE: TRV) reported Thursday a profit of $1.39 per share, compared with a profit of $1.25 a share in the year-ago period. Revenue rose 1.6 percent from the same quarter a year ago, to $5.69 billion. Analysts surveyed by Thomson/Reuters predicted a profit of $1.49 a share, with...
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Fidelity National Financial Profit Up 52% (FNF)
Wednesday, July 21, 2010 - 5:47pm | 124Fidelity National Financial, Inc (NYSE: FNF) announced on Wednesday after the market closed that it far exceeded consensus Wall Street earnings estimates. Fidelity National Financial, Inc (FNF) reported that its 2nd quarter net income surged to $139.6 million, or 61 cents per share, up from $91.9...
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Fidelity National Blows Out Estimates (FNF)
Wednesday, July 21, 2010 - 4:34pm | 257Fidelity National Financial, Inc. (NYSE: FNF) reports Q2 EPS $0.61 vs consensus of $0.35. Fidelity National Financial, Inc. reports Q2 revenue $1.5 billion vs consensus of $1.39 billion. While that was a huge beat, it is interesting to note that revenues fell 3.8% year over year. We experienced...
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RLI Corp Earnings Significantly Outperformed Estimates (RLI)
Tuesday, July 20, 2010 - 9:53am | 96Property and Casualty Insurers RLI Corp (RLI) posted strong 2Q10 results across the board. Better than expected results were driven by higher reserve releases and lower expenses. Higher NWP volume and stronger Maui Jim earnings helped offset 2Q cat losses and higher taxes. RLI reported 2Q10...